Form 4: Ryman Hospitality Properties Director Michael Roth Receives Additional Restricted Stock Units

Ryman Hospitality Properties, Inc. Director Michael Roth received 1,283 additional restricted stock units on July 15, 2025, as a dividend equivalent related to the company's $1.15 per share dividend.

Summary

• Michael Roth, a Director of Ryman Hospitality Properties, Inc. (RHP), acquired 1,283 Restricted Stock Units (RSUs).
• The acquisition occurred on July 15, 2025.
• These additional RSUs were granted as a dividend equivalent, based on the $1.15 dividend per share paid by Ryman Hospitality Properties, Inc. on its outstanding common stock.
• The number of RSUs received was calculated based on the dividend amount and the closing price of RHP's common stock traded on the NYSE on June 30, 2025.
• The acquired RSUs vest 100% on May 8, 2026.
• Following this transaction, Michael Roth beneficially owns 1,283 derivative securities (Restricted Stock Units).

Sentiment

Score: 6

Explanation: The transaction reflects a routine dividend equivalent adjustment for existing Restricted Stock Units, increasing an insider's equity alignment with shareholders. It is a positive, but not a significant new investment decision by the insider.

Positives

• Increased alignment of Director Michael Roth's interests with shareholders through the acquisition of additional Restricted Stock Units.
• The company's payment of a $1.15 dividend per share indicates a return of capital to shareholders.

Future Outlook

The 1,283 Restricted Stock Units acquired by Director Michael Roth are scheduled to vest 100% on May 8, 2026.

Management Comments

• The acquisition of additional Restricted Stock Units by Director Michael Roth is in accordance with the terms of his outstanding RSU awards, reflecting the company's dividend policy.

Industry Context

This Form 4 filing details a specific insider transaction and does not provide broader industry context.

Related Party Transactions

• Acquisition of 1,283 Restricted Stock Units by Director Michael Roth as a dividend equivalent.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders. The dividend payment itself benefits shareholders.

Next Steps

• Vesting of the 1,283 Restricted Stock Units on May 8, 2026.

Key Dates

Keywords

Ryman Hospitality Properties, RHP, Michael Roth, Director, Restricted Stock Units, RSU, SEC Form 4, Insider Transaction, Equity Compensation, Dividend Equivalent